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Fisher's ideal index number is
- a)The arithmetic mean of Laspeyre's and Pasche's index.
- b)The median of Laspeyre's and Paasche's index.
- c)The mode of Laspeyre's and Paasche's index,
- d)None of these
Correct answer is option 'D'. Can you explain this answer?
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Fisher's ideal index number isa)The arithmetic mean of Laspeyre...
Explanation:
Fishers ideal index number is a method used to calculate the price index number. It is also known as the weighted arithmetic mean of Laspeyres and Paasches index numbers.
Laspeyres index number measures the change in the cost of a fixed basket of goods and services over time, while Paasches index number measures the change in the cost of a basket of goods and services purchased in the current period compared to a base period.
Fishers ideal index number is calculated by taking the geometric mean of Laspeyres and Paasches index numbers. The formula for calculating Fisher's index number is as follows:
Fisher's index number = √(Laspeyres index number x Paasches index number)
The result of Fisher's index number is a weighted arithmetic mean of the two index numbers, where the weights are the square roots of the corresponding index numbers.
Answer:
The correct answer to the question is option "D" - None of these. Fisher's ideal index number is not the arithmetic mean, median, or mode of Laspeyres and Paasches index numbers.
Fisher's ideal index number is a weighted arithmetic mean of Laspeyres and Paasches index numbers. It is calculated using the geometric mean of the two index numbers, where the weights are the square roots of the corresponding index numbers.
Fishers ideal index number is a method used to calculate the price index number. It is also known as the weighted arithmetic mean of Laspeyres and Paasches index numbers.
Laspeyres index number measures the change in the cost of a fixed basket of goods and services over time, while Paasches index number measures the change in the cost of a basket of goods and services purchased in the current period compared to a base period.
Fishers ideal index number is calculated by taking the geometric mean of Laspeyres and Paasches index numbers. The formula for calculating Fisher's index number is as follows:
Fisher's index number = √(Laspeyres index number x Paasches index number)
The result of Fisher's index number is a weighted arithmetic mean of the two index numbers, where the weights are the square roots of the corresponding index numbers.
Answer:
The correct answer to the question is option "D" - None of these. Fisher's ideal index number is not the arithmetic mean, median, or mode of Laspeyres and Paasches index numbers.
Fisher's ideal index number is a weighted arithmetic mean of Laspeyres and Paasches index numbers. It is calculated using the geometric mean of the two index numbers, where the weights are the square roots of the corresponding index numbers.
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Fisher's ideal index number isa)The arithmetic mean of Laspeyre...
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Fisher's ideal index number isa)The arithmetic mean of Laspeyre's and Pasche's index.b)The median of Laspeyre's and Paasche's index.c)The mode of Laspeyre's and Paasche's index,d)None of theseCorrect answer is option 'D'. Can you explain this answer?
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Fisher's ideal index number isa)The arithmetic mean of Laspeyre's and Pasche's index.b)The median of Laspeyre's and Paasche's index.c)The mode of Laspeyre's and Paasche's index,d)None of theseCorrect answer is option 'D'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Fisher's ideal index number isa)The arithmetic mean of Laspeyre's and Pasche's index.b)The median of Laspeyre's and Paasche's index.c)The mode of Laspeyre's and Paasche's index,d)None of theseCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Fisher's ideal index number isa)The arithmetic mean of Laspeyre's and Pasche's index.b)The median of Laspeyre's and Paasche's index.c)The mode of Laspeyre's and Paasche's index,d)None of theseCorrect answer is option 'D'. Can you explain this answer?.
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